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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 7,661 $ 10,372
Accounts receivable - net 72,252 55,911
Contract assets - net 31,023 36,179
Inventories - net 73,391 62,871
Other current assets 18,551 14,146
Total current assets 202,878 179,479
Property, plant, and equipment - net 56,900 58,222
Operating lease right-of-use assets - net 13,538 15,131
Other assets:    
Goodwill 24,571 20,152
Other intangibles - net 29,540 31,023
Deferred tax assets 36,777 37,242
Other assets 1,218 1,346
TOTAL ASSETS 365,422 342,595
Current liabilities:    
Accounts payable 49,944 41,411
Deferred revenue 19,072 13,411
Accrued payroll and employee benefits 6,565 9,517
Current portion of accrued settlement 8,000 8,000
Current maturities of long-term debt 64 98
Other accrued liabilities 12,959 13,757
Total current liabilities 96,604 86,194
Long-term debt 49,222 31,153
Deferred tax liabilities 3,628 3,753
Long-term portion of accrued settlement 14,000 16,000
Long-term operating lease liabilities 10,785 12,279
Other long-term liabilities 10,144 9,606
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at June 30, 2022 and December 31, 2021, 11,115,779; shares outstanding at June 30, 2022 and December 31, 2021, 10,730,950 and 10,670,343, respectively 111 111
Paid-in capital 42,201 43,272
Retained earnings 169,177 168,733
Treasury stock - at cost, 384,829 and 445,436 common stock shares at June 30, 2022 and December 31, 2021, respectively (8,391) (10,179)
Accumulated other comprehensive loss (22,547) (18,845)
Total L.B. Foster Company stockholders’ equity 180,551 183,092
Noncontrolling interest 488 518
Total stockholders’ equity 181,039 183,610
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 365,422 $ 342,595